Credit Union Times Magazine August-20, 2008


Front Page News

News Briefs

  • First Citizens' Books First Vet Mortgage

    FAIRHAVEN, Mass. -- First Citizens' Federal Credit Union said it is the first institution in Massachusetts to complete a mortgage closing for an Iraqi war veteran under a new state-run program aimed at easing the financial plight of returning vets.

  • Corrections

    In an article in the Aug. 6 issue, "Building Strong Member Connections" on page 1, Trabian's Doug Williams was incorrectly quoted in saying his firm has worked with the Filene Research Institute on innovation research. While both companies research innovation separately and have worked together on other projects, they have...

  • $100 Million Business Loan Milestone for Greylock FCU

    PITTSFIELD, Mass. -- Greylock Federal Credit Union said it has surpassed $100 million in commercial lending nearly two years after becoming the first credit union in Massachusetts to become a Small Business Administration preferred lender.



Tech Bytes

Editor-in-Chief's Column

  • Healthy Response Required for Today's Stresses

    People deal with stress of all different types in a wide variety of ways. Whether problems are personal or financial, some handle stress by applying drugs as a temporary fix to cover up their wounds or some other bad habit. Others are determined to convert their anxiety into positive energy...

Letters to the editor

  • Is Cash at the Pump Worth the Price?

    Recently, there's been news coverage on the trend by some gas station owners to offer discounts for drivers who pay in cash. While not widespread, these discounts are popping up at gas stations across the country--from Arizona, to Missouri, to Connecticut, to Florida. And while they can save consumers a...

  • Access to Alternative Capital Is Sound Business Tactic in Today's Economy

    According to news coverage in Credit Union Times, in some sectors of the credit union industry there is renewed interest in obtaining access to alternative capital. Additionally, in her opinion column, Editor-in-Chief Sarah Snell Cooke revealed her reservations about alternative capital but also adamantly stated, "Credit unions want and need...

Looking Back

  • Looking Back

    HOBOKEN, N.J. -- With the tail end of the 2008 Olympics underway in Beijing, Credit Union Times looks back 12 years to the 1996 Olympic Games that were held in Atlanta.

On-Site Conference Coverage

Billlionaires Club

People Feature


    EASTVermont Federal Credit Union, Burlington, Vt., announced that President/CEO Joseph M. Finnigan has retired. Finnigan will remain on as treasurer of the board of directors through at least his full term which commences in 2010. Finnigan was president/CEO at Vermont FCU for the past 30 years and helped the credit...


  • Awards

    Wauna Federal Credit Union, Vernonia, Ore., announced that its Vernonia branch was honored with the business of the year award from the Vernonia Chamber of Commerce. The award is voted on by members of the chamber and is based on the businesses contribution to the community. The Vernonia branch participates...

  • Market-Driven Salary and Performance Pay Adds Up to CEO Sticker Shock

    BRISBANE, Calif. -- Highly tenured CEOs, the increasing size and complexity of credit unions and generational gaps are contributing to an unpleasant new industry trend: CEO sticker shock.

  • Southest Corporate FCU's CEO Confidence Index Down for Fifth Quarter

    PLANO, Texas -- Feeling pessimistic about the financial future? According to Southwest Corporate Federal Credit Union's latest CEO confidence index, you're not alone. The overall index fell for the fifth consecutive quarter, with July 2008 confidence down 22 points from last year, to only 17.77.

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